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PETALING JAYA: Top Glove Corp Bhd may experience a slight slowdown in glove demand in the third quarter of its financial year ending Aug 31 (3Q25) as buyers from the United States had already been buying gloves ahead to the of higher US tariffs on Chinese gloves.
PETALING JAYA: Top Glove Corp Bhd has returned to profitability, driven by strong sales volumes, and is in line with expectations of a better performance in the second half of financial year 2025 (2H25).
KUALA LUMPUR: Top Glove Corp said its improved performance in the second quarter ended Feb 28, 2025 (2QFY25) was owing to a sustained uptrend in glove orders on the back of recovering global demand.
KUALA LUMPUR: Top Glove Corporation Bhd is on track to achieve its sales volume target of 43 billion pieces of gloves by the end of the financial year ending Aug 31, 2025 (FY2025), driven by increasing orders and improved operational efficiency.
Price competition is seen to rise further for Top Glove Corp Bhd as it seeks to maintain market share amid heightened competition with China-based players.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: The escalating US-China trade war appears to present an opportunity for Malaysian glove manufacturers to establish a firmer footing in the US market.
PETALING JAYA: Kossan Rubber Industries Bhd expects global demand for gloves to remain challenging in 2025, driven by ongoing uncertainties under the current US administration.
A shift in US demand for nitrile gloves to Malaysian producers from Chinese producers together with a host of positive factors including improving outlook on profitability, supports the case for 2025 being the year of delivery among glovemakers such as Top Glove Corp Bhd.
KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.
PETALING JAYA: Analysts remain neutral on the gloves sector outlook, despite the US official imposition of an additional 10% tariff on China's goods, including rubber gloves.
It is still too early to price in any potential oversupply risks associated with the China + 1 strategy in Indonesia, says Hong Leong Investment Bank (HLIB) Research.
Top Glove Corp Bhd is optimistic about a strong sequential rebound in its earnings recovery for the second quarter of 2025 (2Q25), says Kenanga Research.
PETALING JAYA: Top Glove Corp Bhd is optimistic of a strong sequential rebound in earnings recovery for the second quarter of financial year 2025 (2Q25), says Kenanga Research.
PETALING JAYA: Analysts are positive about Top Glove Corp Bhd as they expect the glove-making company to experience a turnaround on stronger demand next year.
The rubber gloves sector is gaining better traction, given continued strong earnings growth and added tailwind from US tariffs imposed on Chinese glove makers.
Top Glove Corp Bhd’s latest financial performance highlights a company in transition, navigating both opportunities and challenges as it works towards a full recovery.
KUALA LUMPUR: Top Glove Corp Bhd, which returned to profitability in the first quarter of its financial year (1QFY25), remains optimistic about its outlook, with orders continuing to flow in as the glove industry steadily recovers.
PETALING JAYA: BIMB Securities Research is adopting a cautious stance on the rubber glove sector’s short to medium-term outlook.
The rubber glove sector is starting to look like a safe harbour for investors amidst fears of higher tariffs and more stringent trade restrictions by the United States on China.
